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governor romney had a good night. this was a very strong performance by governor romney. he needed one and i think he got it. >> mitt romney did himself a lot of good tonight. he was there on the issues. he did not back down to the president or the moderator and he did not cross the line. you can do that, and i think that would have backfired on him. i watched obama debate alive in primaries when i was with clinton -- debate a lot in primaries. this is the guy that showed up. he is a good debater, but doesn't enjoy it. you look through this debate, ann romney looked like he enjoyed it and was having fun. obama just looked sort of sour and it was like another headache that he had to be there. romney support is needed to be reinvigorated. the question is, what did happen with the undecideds. is that enthusiasm going to spread out in terms of who is going to vote. >> was their body language that you noticed? >> i thought both of them behaved with considerable dignity and courtesy to each other, which people like. as meaghan pointed out, the president was continually looking
governor romney had a good night. this was a very strong performance by governor romney. he needed one and i think he got it. >> mitt romney did himself a lot of good tonight. he was there on the issues. he did not back down to the president or the moderator and he did not cross the line. you can do that, and i think that would have backfired on him. i watched obama debate alive in primaries when i was with clinton -- debate a lot in primaries. this is the guy that showed up. he is a good...
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romney did -- governor romney was terrific last night. he did all the things he has to do to get back in this race, and i am also mystified at the president's strategy. you know, chris, i'm a good sports fan. in fact, i even do sports tv and i write -- >> i know you do. >> and there's a great sports analogy. when you play the perfect defense when you have a lead, when you try to sit on the ball in basketball when you have got a lead, when you play conservative, what often happens is you lose the lead. and i can't for the life of me believe that that's what they did, but that's the only explanation. they told the president, don't be confrontational. they told the president, be above it all, act presidential. but the one thing that gets me when i was running for re-election as mayor and when i was running for re-election as governor and even d.a., i had a passion for what we'd accomplished. i had a passion to explain where we didn't ak plir something, why we didn't, what the road blocks were, and he could have done that without being aggres
romney did -- governor romney was terrific last night. he did all the things he has to do to get back in this race, and i am also mystified at the president's strategy. you know, chris, i'm a good sports fan. in fact, i even do sports tv and i write -- >> i know you do. >> and there's a great sports analogy. when you play the perfect defense when you have a lead, when you try to sit on the ball in basketball when you have got a lead, when you play conservative, what often happens is...
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let's go back to what governor romney indicated.. under his plan, he would be able to cover people with pre-%+ existing conditions. actually, governor, that is not what your plan does. what it does is to duplicate what is already the law, which says, if you are out of health insurance for three months, you pan end up getting continuous coverage and an insurance company cannot deny you if it has been under 90 days. but that is already the law. that does not help the millions of people out there with pre- existing conditions. there is a reason why governor romney set up a plan he did in massachusetts. it was not a government takeover of health carr. it was the largest expansion of private insurance. what it does say is insurers, you havv to take everybody. that also means yyu have more customers. but when governor romney says he will replace it with some thing, but can not detail how it will be replaced, and the reason he said the system in massachusetts is because there is not a better way of dealing with the pre-existing conditions p
let's go back to what governor romney indicated.. under his plan, he would be able to cover people with pre-%+ existing conditions. actually, governor, that is not what your plan does. what it does is to duplicate what is already the law, which says, if you are out of health insurance for three months, you pan end up getting continuous coverage and an insurance company cannot deny you if it has been under 90 days. but that is already the law. that does not help the millions of people out there...
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we didn't hear anything about the case for governor romney. we didn't hear about president obama saying you didn't build it or something like that. this was a more elevated discussion. we don't see a lot of things on ads tonight. >> right. i think that is good for the american people because it's a substantive discussion about issues and i thought that again, that governor romney came across with great command and energy. and that i'm certain next time he'll be better prepared. and there is a discussion about what's happening in latest attack ad. it's about the issues and i thought that it was for that reason a good debate. that was very impressed by and pleased with the governor's performance tonight. i think it gave him an opportunity he hasn't had before with people who are undecided. they had to have walked away tonight impressed by what they heard and saw. >> greta: i thought one of the questions governor romney handled well was the bipartisan question. we had a discussion about the fact there is no budget. we can't get a budget here beca
we didn't hear anything about the case for governor romney. we didn't hear about president obama saying you didn't build it or something like that. this was a more elevated discussion. we don't see a lot of things on ads tonight. >> right. i think that is good for the american people because it's a substantive discussion about issues and i thought that again, that governor romney came across with great command and energy. and that i'm certain next time he'll be better prepared. and there...
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Oct 4, 2012
10/12
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there's enormous pressure on president obama and governor romney right now. we're asking debate watchers, those who watched the debate to the history books. tonight, just like we will after every upcoming debate, we're breaking it down, issue by issue. this means more talk from the candidate on a particular topic. looking at some of the totals, we'll show you what's going on. but, first, here are some of the highlights from the first presidential debate. >> what things would i cut from spending? first of all, i will eliminate all programs by this test. if they don't pass it. is the program so critical, it's worth boring money from china to pay for it? obama care is on my list. i apologize mr. president. jim, i'm sorry, i had stop the subsidy to pbs. i love big bird, like you too. but i won't keep on spending money to borrow money from china to pay for. i'll take programs that are currently good programs but could be run more efficiently at the state level and send them to state. and make government more efficient, cut back the number of employees, combine age
there's enormous pressure on president obama and governor romney right now. we're asking debate watchers, those who watched the debate to the history books. tonight, just like we will after every upcoming debate, we're breaking it down, issue by issue. this means more talk from the candidate on a particular topic. looking at some of the totals, we'll show you what's going on. but, first, here are some of the highlights from the first presidential debate. >> what things would i cut from...
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governor romney himself, meanwhile s meeting with supporters in colorado. romney said the debate gave him a chance to frame the campaign for the country for what their choice would be. >> last night, i thought it was a great opportunity for the american people to see two different visions for the country. it was helpful to describe the vigs. i saw the president's vision as trickledown government. >> governor romney may dance around his position but, if you want to be president, you owe the american people the truth so he's the truth: governor romney can not pay for his $5 trillion tax plan without blowing up the deficit or sticking it to the middle class. >> and the latest poll packs up that romney won the debate and 22% said the president came out on top. >> tom fitzgerald tonight in virginia's senate race. tim kaine continues to lead republican george allen in the polls. a wall street journal-maris poll of likely voters found cane with -- cane with 47% and putting him as the front runner after months of deadlock. >>> and new developments in the deadly sho
governor romney himself, meanwhile s meeting with supporters in colorado. romney said the debate gave him a chance to frame the campaign for the country for what their choice would be. >> last night, i thought it was a great opportunity for the american people to see two different visions for the country. it was helpful to describe the vigs. i saw the president's vision as trickledown government. >> governor romney may dance around his position but, if you want to be president, you...
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governor romney earlier mentioned how the bowles-simpson commission. that's a bipartisan commission that talked about how we should move forward suggested we have to do it. in a balanced way with some revenue and some spending cuts. and this is a major difference that governor romney and i have. >> let me finish this point. you're looking for contrasts. when governor romney stood on a stage with other republican candidates for the nomination, and he was asked, would you take $10 of spending cuts for just $1 of revenue, and he said no. >> substantive debate on the major issues facing the country right now. right now, domestic issues, economic issues, health care, taxes, the nation's debt. got into the weeds in some areas, but this was a very, very important debate. anderson cooper watching this with all of our analysts as well. >> fascinating to see both men on the stage for the first time. you saw a difference in terms of temperament in debating style. i want to bring in gloria boerger and david gergen. even president obama's final statement didn't thi
governor romney earlier mentioned how the bowles-simpson commission. that's a bipartisan commission that talked about how we should move forward suggested we have to do it. in a balanced way with some revenue and some spending cuts. and this is a major difference that governor romney and i have. >> let me finish this point. you're looking for contrasts. when governor romney stood on a stage with other republican candidates for the nomination, and he was asked, would you take $10 of...
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governor romney has ruled out revenue. he's ruled out revenue. >> lehrer: that's true. >> absolutely. >> lehrer: completely? >> the revenue i get is by more people working getting higher pay paying more taxes. that's how we get growth and balance the budget. but the idea of taxing people more, putting more people out of work, you'll never get there. you never balance the budget by raising taxes. spain. spain spends 42% of their total economy on government. >> lehrer: okay. >> we're now spending 42% of our economy on government. i don't want to go down the path to spain. i want to go down the path of growth that puts americans to work with more money coming in because they're working. >> lehrer: mr. president, you're saying in order to get the job done it's got to be balanced? >> if we're serious we've got to take a balanced responsible approach. and by the way this is not just when it comes to individual taxes. let's talk about corporate taxes. now i've identified areas where we can right away make a change that i believe
governor romney has ruled out revenue. he's ruled out revenue. >> lehrer: that's true. >> absolutely. >> lehrer: completely? >> the revenue i get is by more people working getting higher pay paying more taxes. that's how we get growth and balance the budget. but the idea of taxing people more, putting more people out of work, you'll never get there. you never balance the budget by raising taxes. spain. spain spends 42% of their total economy on government. >>...
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now governor romney is out saying his plan to overhaul our massive tax code will put more money back in your pocket, but will it work? hi, everybody. welcome to "forbes on fox." steve, what do you think of this romney tax plan? >> it increases take-home pay, middle class family, $2,000 extra in their take-home pay, and more importantly it reduces the price of doing work, being productive and taking risks. lowering that price, lowering tax rates. that's the way to get the economy going. worked for kennedy, for reagan, worked in the early part of the last decade. it will work again. >> we have to do something. since the recovery began, by the way, june 2009, household incomes are down 5.7%. that's since the recovery. when you're in a recovery, incomes are supposed to go up. >> yeah. what's disstressing and concerning is, at this point i don't know what governor romney has in mind. he's been saying all along he'll reduce taxes and shows up in ohio -- >> reducing tax rates. >> he shows up and says don't expect a huge tax cut, because what he's doing is lowering deductions and exemptions.
now governor romney is out saying his plan to overhaul our massive tax code will put more money back in your pocket, but will it work? hi, everybody. welcome to "forbes on fox." steve, what do you think of this romney tax plan? >> it increases take-home pay, middle class family, $2,000 extra in their take-home pay, and more importantly it reduces the price of doing work, being productive and taking risks. lowering that price, lowering tax rates. that's the way to get the economy...
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governor romney's plan the work for you. math, common sense, and our history shows us that is not a recipe for job growth. we have tried both approaches. the approach that governor romney is talking about is the same sales pitch that was made in 2001 and 2003. we ended up with the slowest job growth and 50 years. we ended up living from surplus to deficits. it culminated in the worst financial crisis since the great depression. bill clinton tried the approach i am talking about. we created 23 million new jobs, but from deficit to surplus, and businesses did well. in some ways we have some data on which approach is more likely to create jobs and opportunity for americans. i believe that the economy works best when middle-class families are getting tax breaks and those of us who have done well because of this magnificent country we live in that we can afford to do more to make sure we are not blowing up the deficit. >> he gets the first word of that segment. let me make this comment. let me repeat what i said. i am not in favo
governor romney's plan the work for you. math, common sense, and our history shows us that is not a recipe for job growth. we have tried both approaches. the approach that governor romney is talking about is the same sales pitch that was made in 2001 and 2003. we ended up with the slowest job growth and 50 years. we ended up living from surplus to deficits. it culminated in the worst financial crisis since the great depression. bill clinton tried the approach i am talking about. we created 23...
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but let's go back to what governor romney indicated. under his plan, he would be able to cover people with pre-existing conditions. well, actually, governor, that isn't what your plan dis. what your plan does is to duplicate what is already the law, which says, if you are out of length insurance for 3 months, then you can end up getting continuous coverage and an insurance company can't deny you if it's been under 90 days. but that's already the law. that doesn't help the millions of people out there with pre-existing conscience. there is a reason why governor romney set up the plan that he did in massachusetts. it wasn't a government takeover of health care. it was the largest expansion of private insurance. but what it does say is that insurers, have you to take everybody. now, that also means have you more customers. but when governor romney says he will replace it with something, but can't detail how it will be in fact replaced and the reason he set up the system he did in massachusetts was because there isn't a better way of dealin
but let's go back to what governor romney indicated. under his plan, he would be able to cover people with pre-existing conditions. well, actually, governor, that isn't what your plan dis. what your plan does is to duplicate what is already the law, which says, if you are out of length insurance for 3 months, then you can end up getting continuous coverage and an insurance company can't deny you if it's been under 90 days. but that's already the law. that doesn't help the millions of people out...
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governor romney will give energy to republic i hadi hads. the question, can he move the numbers in battleground states. it will be interesting to watch post debate advertising, resource allocation, i want to switch maps for one second. come up and look at this. here's what we know coming into the race. the tv ad counts this is -- a little confusing when you look at it first. pull out one state. colorado, the blue is the obama campaign, lighter blue, democratic pacs. pinkish red, the pro-romney pacs. why are the democrats spending more? trying to hold this state. why are republicans spending more, trying to catch up. very fascinating to watch after debate number one. how does it reset the battle, and watch the resources, catch the campaigns, ad spending, the first act of the final month and it will change things. >> we've studied history. covered races, when you have an incumbent president, and a stroll challenger comes in, and stands toe to toe. than an incumbent president, whether it was bill clinton versus george h.w. bush. when the incoup
governor romney will give energy to republic i hadi hads. the question, can he move the numbers in battleground states. it will be interesting to watch post debate advertising, resource allocation, i want to switch maps for one second. come up and look at this. here's what we know coming into the race. the tv ad counts this is -- a little confusing when you look at it first. pull out one state. colorado, the blue is the obama campaign, lighter blue, democratic pacs. pinkish red, the pro-romney...
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the governor from massachusetts, governor romney entering from the left. to give you an idea of the setting here, about 1,000 people inside this debate hall, when it starts. look behind the cameras tonight. we're inside a hockey arena that normally seats 8,000 but they've created this intimate setting as tens of millions watch from their living rooms tonight. when president obama and mitt romney walk onto that stage tonight, it will be the first time they've met face to face in four years. last time, during the presidential race in 2008, during those back-to-back democratic and republican presidential debates during the primaries when candidates from both sides were called on the stage, it was senator obama and governor romney talking. the president congratulated romney when he clinched the republican nomination and this moment in 2007, a labor day parade in 2007. >> good luck to you today. >> reporr: but tonight, they will shake hands in front of millions watching, before debating each other for the first time. in a format that is more free wheeling, no s
the governor from massachusetts, governor romney entering from the left. to give you an idea of the setting here, about 1,000 people inside this debate hall, when it starts. look behind the cameras tonight. we're inside a hockey arena that normally seats 8,000 but they've created this intimate setting as tens of millions watch from their living rooms tonight. when president obama and mitt romney walk onto that stage tonight, it will be the first time they've met face to face in four years. last...
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what's disstressing and concerning is, at this point i don't know what governor romney has in mind. he's been saying all along he'll reduce taxes and shows up in ohio -- >> reducing tax rates. >> he shows up and says don't expect a huge tax cut, because what he's doing is lowering deductions and exemptions. great. i wonder if somebody will get around to telling me what those deductions and exemptions are that he's going to lower. he's been running for president for seemingly half a century and none of us know what he plans to do. i may like it, but he hasn't told me. >> the bottom line of what he's going to do, minus the specifics, he's going to lower tax rates by 20% for all income groups and get rid of the special deals and deductions that some of the big guys get. >> well, you know, not only did median income fall, but economic growth was revised downward. david, we should be enjoying 4% growth, not minus 2% growth that we've had during the obama administration. rick, romney may have been running for president forever, but obama has been president for almost -- you know, for 3 1/
what's disstressing and concerning is, at this point i don't know what governor romney has in mind. he's been saying all along he'll reduce taxes and shows up in ohio -- >> reducing tax rates. >> he shows up and says don't expect a huge tax cut, because what he's doing is lowering deductions and exemptions. great. i wonder if somebody will get around to telling me what those deductions and exemptions are that he's going to lower. he's been running for president for seemingly half a...
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governor romney you go first. and the question is this what are the differences between the two of you as to how you would go about tackling the deficit problem in this country? >> romney: i'm glad you raised that. and it's a critical issue. i think it's not just an economic issue, i think it is a moral issue. i think it's not moral for my generation to keep spending massively more than we take in knowing those burdens will be passed on to the next generation, and the amount of debt we're adding a trillion a year is simply not moral. how do we deal with it? mathematically there are three ways. one of course is to raise taxes. number two is to cut spending and number 3 is to grow the economy, because if more people work in a growing economy, they are paying taxes and you can get the job done that way. the president would prefer raising taxes, i understand. the problem with raising taxes is it slows down the rate of growth. i want to lower spending and encourage economic growth at the same time. what would i cut? fi
governor romney you go first. and the question is this what are the differences between the two of you as to how you would go about tackling the deficit problem in this country? >> romney: i'm glad you raised that. and it's a critical issue. i think it's not just an economic issue, i think it is a moral issue. i think it's not moral for my generation to keep spending massively more than we take in knowing those burdens will be passed on to the next generation, and the amount of debt we're...
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governor romney says we should replace it. i'm just going to repeal it, but we can replace it with something. but the problem is, he hasn't described what exactly we'd replace it with other than saying we're going to leave it to the states. but the fact of the matter is that some of the prescriptions that he's offered like letting you buy insurance across state lines, there's no indication that that somehow is going to help somebody who's got a pre-existing condition be able to finally buy insurance. in fact, it's estimated that by repealing obamacare, you're looking at 50 million people losing health insurance at a time when it's vitally important. >> moderator: let's let the governor explain what you would do if obamacare is repealed. how would you replace it? romney: well, actually, it's a lengthy description, but number one, pre-existing conditions are covered. number two, young people are able to stay on their family plan. that's already offered in the private marketplace. you don't need to have the government mandate tha
governor romney says we should replace it. i'm just going to repeal it, but we can replace it with something. but the problem is, he hasn't described what exactly we'd replace it with other than saying we're going to leave it to the states. but the fact of the matter is that some of the prescriptions that he's offered like letting you buy insurance across state lines, there's no indication that that somehow is going to help somebody who's got a pre-existing condition be able to finally buy...
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governor romney is adjusting licies that democrats and republicans can agree. we need to simplify the tax code, we need to reform the regulatory state, these are things that will help business across-the-board. neil: it comes at a time when ceos are hedging their bets right now. economists might be in that area to prove to me that things will get better kind of group. what are those i the know, who follow earnings, who follow trends, what are they telling you? what is it that all of you are saying that maybe a lot of folks are missing or even appreciating? >> we have to recognize higher taxes and more spending by a government is not going to work going forward. candidate obama right now for the next four years, about lowering the deficit. every now and then, there has been no wish to do it, no move to do it come until somebody gets undone,. neil: here's another question talking about economist. what if it's worse than they think it is. what we are headed into another recession. as gary pointed out, they are very at the least warning of a slowdown. not exactly r
governor romney is adjusting licies that democrats and republicans can agree. we need to simplify the tax code, we need to reform the regulatory state, these are things that will help business across-the-board. neil: it comes at a time when ceos are hedging their bets right now. economists might be in that area to prove to me that things will get better kind of group. what are those i the know, who follow earnings, who follow trends, what are they telling you? what is it that all of you are...
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some of governor romney's plans. you have taken exception to the president east plans. who do you think, you know, supports what you would say in this book? >> when i think of what's going on right now, i think of the great depression. i don't think it's as bad as the great depression, but i think it could be. the great depression got worse and then it stabilized and then it got worse for another five or six years. the reason it got worse, and this is from amity sclais, "the forgotten man," a book about the great depression, she says that government forgot and the depression got worse and worse and worse. we've got to understand those are bad policies. but i think businesses right now are terrified of the president. so my book is about regulations, but i think it makes a big difference whether or not you have a president simply who is friendly to business, in a way that he encourages business to invest. and businessmen across the country are terrified. >> some people would say a bailout of the auto industry was frien
some of governor romney's plans. you have taken exception to the president east plans. who do you think, you know, supports what you would say in this book? >> when i think of what's going on right now, i think of the great depression. i don't think it's as bad as the great depression, but i think it could be. the great depression got worse and then it stabilized and then it got worse for another five or six years. the reason it got worse, and this is from amity sclais, "the...
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governor romney says no to any further regulation of gun shows. >> there's no particular change in law whothat's going to keep people who are going to do harm to do harm. >> we should do anything and everything to keep criminals from purchasing weapons. >> reporter: so obama says he wants tougher gun laws, little was done during his first term. republican governor romney has said he's done more in the past. . >>> we're looking at some of the key issues that could decide the presidential election, one of the issues, what to do about the estimated 10 million illegal immigrants living in this country. we've worked hard to keep it. bp has paid over twenty-three billion dollars to help people and businesses who were affected, and to cover cleanup costs. today, the beaches and gulf are open for everyone to enjoy -- and many areas are reporting their best tourism seasons in years. we've shared what we've learned with governments and across the industry so we can all produce energy more safely. i want you to know, there's another commitment bp takes just as seriously: our commitment to america
governor romney says no to any further regulation of gun shows. >> there's no particular change in law whothat's going to keep people who are going to do harm to do harm. >> we should do anything and everything to keep criminals from purchasing weapons. >> reporter: so obama says he wants tougher gun laws, little was done during his first term. republican governor romney has said he's done more in the past. . >>> we're looking at some of the key issues that could...
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governor romney says we should replace it. i'i'm going to repeal it, but we can replace it with something. the problem is he can't described what we're going to replace it with other than to say we'll leave it to the states. the fact of the matter is, some of the prescriptions that he's offered, like letting you buy insurance across state lines, there's no indication that that somehow is going to help somebody who has a preexisting condition to be able to finally buy insurance. it's estimate by repealing obamaed care you're looking at 50 million people losing health insurance at a time when it's vitally important. >> lehrer: let's let the governor explanation what you would do if obamacare is repealed. >> actually, it's a lengthy description. but number one, preexisting conditions are coveredded under my plan. number two, young people can stay on the plans. that's already offered in the marketplace. you don't need the government to mandate that. let's come back to something the president and i agree on, the key task we have in
governor romney says we should replace it. i'i'm going to repeal it, but we can replace it with something. the problem is he can't described what we're going to replace it with other than to say we'll leave it to the states. the fact of the matter is, some of the prescriptions that he's offered, like letting you buy insurance across state lines, there's no indication that that somehow is going to help somebody who has a preexisting condition to be able to finally buy insurance. it's estimate by...
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leading with 47% of the vote, governor romney with 44. virginia has 13 electoral votes up for grabs. that's where john roberts is right now, live in fisher'sville, virginia. what is the event going on there today, john. >> country music star trace atkins will be joining governor romney and his running nature at 6:45 on stage. president obama won this state by six in 2008. governor romney trailing in the polls currently hoping to use his debate performance to narrow the gap. it was the first time the two candidates were on stage face-to-face, a chance for governor romney to one-on-one answer allegations that the obama campaign has been firing his way. one of them over this idea that governor romney is trying to implement a $5 trillion tax cut for the rich. he repeatedly answered that question for president until it finally came down to this. >> look i've got five boys. i'm used to people saying something that is not always true, but just keep on repeating it and ultimately hoping i'll believe it. but that is not the case, all right. i will
leading with 47% of the vote, governor romney with 44. virginia has 13 electoral votes up for grabs. that's where john roberts is right now, live in fisher'sville, virginia. what is the event going on there today, john. >> country music star trace atkins will be joining governor romney and his running nature at 6:45 on stage. president obama won this state by six in 2008. governor romney trailing in the polls currently hoping to use his debate performance to narrow the gap. it was the...
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it's easy for governor romney to say, that's not actually in my plan, because governor romney hasn't really been forthcoming about his plan, about what it will mean for middle class families and how he makes up that money without hurting our economy, slowing it, or hurting middle class families. >> governor, let me ask dana bash who's sitting with me a quick question. i think a lot of people have been pointing out missed opportunities. the 47% never mentioned, bain capital never mentioned. all these things that were in the ads from the obama campaign were actually never mentioned. the $716 billion number, which governor romney mentioned, was never debunked and it had been debunked many times before. he didn't bring up the governor's taxes or talk about immigration policies. big impact, i would think, of those misses in this debate. >> that's why i'm listening to the governor talking about skating and dancing around the questions, you might argue that president obama skated and danced around what he needed to do. because this wasn't just a serious of speeches. this was a debate. they
it's easy for governor romney to say, that's not actually in my plan, because governor romney hasn't really been forthcoming about his plan, about what it will mean for middle class families and how he makes up that money without hurting our economy, slowing it, or hurting middle class families. >> governor, let me ask dana bash who's sitting with me a quick question. i think a lot of people have been pointing out missed opportunities. the 47% never mentioned, bain capital never...
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because if you do, then governor romney is your candidate. martha: massachusetts congressman barney frank slammed governor romney calling his proposal impossible. one thing i thought was so interesting in this segment is when mitt romney came around and said was if you mr. president protected the five biggest banks in the country by making them too big to fail and in the process we lost hundreds of little banks around the country who had to fold. so you had mitt romney, who has classically been pegged the rich out of touch wall street type guy saying you are the one who protected wall street and let these others fall down. bill: ed rollins said this debate last night is all about mitt romney. because you want voters to sit at home and say maybe. and governor romney did that, hitting the president hard on record spending and the deficit. calling it at one moment immoral for america. >> i think it's frankly not moral for my generation to keep spending massively more than we take in knowing those burdens are going to be passed on to the next gen
because if you do, then governor romney is your candidate. martha: massachusetts congressman barney frank slammed governor romney calling his proposal impossible. one thing i thought was so interesting in this segment is when mitt romney came around and said was if you mr. president protected the five biggest banks in the country by making them too big to fail and in the process we lost hundreds of little banks around the country who had to fold. so you had mitt romney, who has classically been...
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now, governor romney said he wants to repeal dodd-frank. and i appreciate and it appears we have some agreement that a marketplace to work has to have some regulation. but in the past, governor romney says he wants to repeal dodd-frank, roll it back. so the question is, does anybody out there think that the big problem we had is that there was too much oversight and regulation of wall street? because if you do, then governor romney is your candidate. but that's not -- >> sorry, jim. that's not the facts. we have to have regulation on wall street. that's why i'd have regulation, but i wouldn't designate five banks too big and fail and give them a blank check. one of the unintended consequences of dodd-frank. it wasn't thought through properly. we need to get rid of it, regional and small banks are getting hurt. another regulation, we were giving mortgages to people who weren't qualified. exactly right. one of the reasons for the great financial calamity we had. and dodd-frank says we need qualified mortgages and if you give a mortgage that's
now, governor romney said he wants to repeal dodd-frank. and i appreciate and it appears we have some agreement that a marketplace to work has to have some regulation. but in the past, governor romney says he wants to repeal dodd-frank, roll it back. so the question is, does anybody out there think that the big problem we had is that there was too much oversight and regulation of wall street? because if you do, then governor romney is your candidate. but that's not -- >> sorry, jim....